On Wednesday, the President of the United States will unveil the foundation for a major program to create jobs and infrastructure. And later in the week, it will present a budget for 2022, which will focus on spending on health and the environment.
This whole carousel of billions of dollars, of course, will not be possible without revising the tax burden on corporations and the rich.
Classics of the genre. Democrats love to play the role of Robin Hoods - to distribute money with a generous hand but pluck those who actually earn this money.
Plans to change the tax code will also be presented this week.
Since this part of Biden's plan is no longer aid in connection with the pandemic, this is ordinary government spending. And there will probably be much more arguments against such large expenditures.
The battles over government spending could shift the market's attention away from the problems of the hedge fund, which has collapsed a significant number of companies.
I think that the generosity of Uncle Sam will be able not only to further increase the yield of US government bonds, but also to add positive to the markets.
Of course, the topic of raising taxes will somewhat lower the degree of optimism...
And yet, such a wave of fresh money ...
I'm sure the crypto markets will love this too.
